Northern New Brunswick Experience’s Unprecedented Demand

Source – creastats.crea.ca

  • “…Home sales were 101.2% above the five-year average and 143.3% above the 10-year average for the month of April. The average price of homes sold in April 2021 was a record $172,715, a substantial gain of 49.2% from April 2020”

Northern and Valley Regions of New Brunswick MLS® home sales break 200 for first time in history

The number of homes sold through the MLS® System of the Northern and Valley Regions of the New Brunswick Real Estate Association totaled 227 units in April 2021. This was more than double the levels from a year earlier, surging 254.7% from April 2020. This was also a new sales record for the month of April and was the highest level for any month in history.

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Home sales were 101.2% above the five-year average and 143.3% above the 10-year average for the month of April.

On a year-to-date basis, home sales totaled a record 630 units over the first four months of the year. This was a jump of 90.9% from the same period in 2020.

The average price of homes sold in April 2021 was a record $172,715, a substantial gain of 49.2% from April 2020.

The more comprehensive year-to-date average price was $156,459, an advance of 39.3% from the first four months of 2020.

The dollar value of all home sales in April 2021 was $39.2 million, more than double the levels from a year earlier, an astronomical gain of 429% from the same month in 2020. This was a new record for the month of April and was also the largest dollar value of homes sold for any month in history.

The number of new listings more than doubled the levels from a year earlier, climbing 175% from April 2020. There were 286 new residential listings in April 2021. This was also the largest number of new listings added in the month of April in history.

New listings were 49% above the five-year average and 42.7% above the 10-year average for the month of April.

Active residential listings numbered 810 units on the market at the end of April, a large decline of 28.3% from the end of April 2020. Active listings haven’t been this low in the month of April in more than 15 years.

Active listings were 26.9% below the five-year average and 29.6% below the 10-year average for the month of April.

Months of inventory numbered 3.6 at the end of April 2021, down from the 17.7 months recorded at the end of April 2020 and below the long-run average of 14.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

https://creastats.crea.ca/board/nonb?fbclid=IwAR0GWj7paiOFx7dTiJ6X224lSxvnL99ZK0xBY3iZRnFbkR0kJKC7fX2XI_k

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